First came the news that the two idiots had gotten matching tattoos, which Michael admitted to. "I got a tattoo for the new year," Lohan told RadarOnline. "Kate liked it so she got one too. It was not a big deal."

Apparently it was a big deal as Radar is now confirming Michael, 49, and Kate, who at 26 — is only three years older than Lohan's daughter LindsayLohan — are now officially a couple. This is all the more interesting considering Michael was the person who introduced Jon Gosselin to Kate.

And could wedding bells be in the works? According to Michael sources, Michael and Kate made two significant purchases over the weekend: a diamond ring and a new beige BMW X5. Evidently selling taped recordings of one's daughter pays off nicely as evident by father of the year, Michael Lohan.